24175 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Botetourt County
Centroid: Latitude 37.397, Longitude -79.876
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 24175 has segments in 2 Counties / Independent Cities (Botetourt, Roanoke).

Businesses Addresses: 163
PO Box Addresses: 204
Residential Addresses: 3,274

Multi-Family Addresses: 0
Single Family Addresses: 3,274

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

Troutville, VA 24175 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	8,249 (100%)
Population in Households	8,211 (99.5%)
Population in Families	7,146 (86.6%)
Population in Group Quarters¹	38 ( 0.5%)
Population Density	115
Diversity Index²	16


INCOME
Median Household Income	$72,471
Average Household Income	$93,826
% of Income for Mortgage⁴	16%
Per Capita Income	$36,266
Wealth Index⁵	126

HOUSING
Total HU (Housing Units)	3,519 (100%)
Owner Occupied HU	2,699 (76.7%)
Renter Occupied HU	489 (13.9%)
Vacant Housing Units	331 ( 9.4%)
Median Home Value	$272,921
Average Home Value	$313,394
Housing Affordability Index³	168

HOUSEHOLDS
Total Households	3,188
Average Household Size	2.58
Family Households	2,400
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Troutville, VA 24175 - Peer Comparisons by Rank and Percentile

The table below compares 24175 to the other 865 ZIP Codes in Virginia by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.03%	0.21%
Households	0.02%	0.19%
Families	-0.08%	0.12%
Median Household Income		1.23%
Per Capita Income		1.84%
Owner Occupied HU		0.06%

Variable Description	Rank	Percentile
Total Population	# 277	68th
Population Density	# 353	59th
Median Household Income	# 234	73rd
Housing Affordability Index	# 421	49th
Per Capita Income	# 245	72nd
Diversity Index	# 706	19th

Troutville, VA 24175 ZIP Code Profile

ZIP Code 24175: Basic Data & USPS Preferred City Name

Troutville, VA 24175 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Troutville, VA 24175 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 24175

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